Mastercard · ConventionalUOB · MALAYSIA
UOB Platinum Business Card
Min. annual incomeRM36,000RM3,000 / month equivalent
Principal annual feeRM150
Card networkMastercardConventional card
THE DETAILS
Benefit breakdown
Business cashback
| Eligible spending | Rate | Cap |
|---|---|---|
| Overseas retail (excluding e-wallet / utilities) | 1.2% | Uncapped |
| Local retail (excluding e-wallet / utilities) | 0.25% | Uncapped |
| JomPAY, e-wallet top-ups and utilities | 0.2% | Uncapped |
Current commercial-card cashback terms effective 1 September 2026. Fuel / petrol-station purchases, government, education, charity and other excluded transactions do not earn cashback.
Fees & charges
- Principal annual fee
- RM150
- Supplementary annual fee
- RM0
- Annual fee waiver
- First 2 years waived; subsequent waiver with RM24,000 eligible annual spend. Principal tariff RM150.
- Service tax
- RM25 per principal / supplementary card, including physical and virtual cards, upon approval and annual renewal.
- Retail finance rate
- 15% / 17% / 18% p.a. according to prompt-payment history over the preceding 12 months.
- Cash advance interest rate
- 18% p.a., calculated daily from the cash-release date.
- Cash advance fee
- 0.37% of withdrawal amount from 1 January 2026, plus prevailing service tax on the fee.
- Minimum monthly payment
- Higher of 5% of outstanding balance or RM50, plus contracted instalments / automatic balance-conversion repayments and unpaid previous minimum amounts.
- Late payment charge
- Higher of RM10 or 1% of outstanding balance excluding finance charges and fees; maximum RM100.
- Interest-free retail period
- 20 days from statement date when the full balance is paid on time; no interest-free period for cash advances or balance transfers.
- Overseas conversion
- Visa / Mastercard or UOB prevailing conversion rate, plus up to 1.22% network administration charge and 1% UOB mark-up.
- Overseas MYR / DCC transactions
- Additional 1% UOB fee on the converted MYR amount, on top of the merchant’s currency-conversion pricing.
- Replacement card
- RM15 per replacement card.
Requirements
- Applicant group
- Business / sole proprietor / partnership credit assessment. RinggitPlus lists RM36,000 annual personal income; this is not sufficient by itself for business approval.
- Documents
- Business registration, identity, tax return with payment receipt and latest 6 months’ bank statements showing business turnover.
Product features
- Travel protection
- Up to RM1 million travel accident cover per insured person; advertised sub-limits include flight delay / missed connection / baggage delay RM1,000 each, overseas baggage loss RM2,500 (local RM1,000), and baggage damage RM250. Charge eligible airfare; policy rules apply.
- Business reporting
- Business expense and near-real-time management reporting; this is a business card record rather than a personal-card recommendation.
- Reward exclusions
- Cash advances, transfers, fees, tax, refunded transactions and other programme-excluded categories do not earn retail rewards. Use the card-specific merchant / currency / posting rules; an excluded transaction may also fail to qualify toward a bonus threshold.
Annual fees exclude applicable tax and transaction charges. Bank approval and current product terms apply.